First Bank (FRBA)

• Market cap: $329M
• 1 day: 0.00%
• 5 days: -4.60%
• 1 month: -12.22%
• 3 months: -9.99%
• 6 months: 4.56%
• Year to date: -4.53%
• 1 year: -6.84%
• 5 years: 21.81%
• 10 years: 116.75%

About: First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. Its Business Banking offers commercial deposit accounts, business loans, online banking, and cash management.

Employees: 288

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

400% more call options, than puts

Call options by funds: $15K | Put options by funds: $3K

200% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 5

94% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 18

26% more capital invested

Capital invested by funds: $170M [Q2] → $214M (+$44.1M) [Q3]

9% more funds holding

Funds holding: 85 [Q2] → 93 (+8) [Q3]

2.96% more ownership

Funds ownership: 52.81% [Q2] → 55.77% (+2.96%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $17 30% upside
• Avg. target: $17 30% upside
• High target: $17 30% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Piper Sandler Justin Crowley 60% 1-year accuracy 6 / 10 met price target

30% upside $17

Overweight Reiterated

30 Oct 2024